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It could work, the page in the iframe could have the text and links which in that screen capture is below the bar. The continue button could link back to the 'safe' part of the site. The links in the iframe could link to a safe and an adult page on the site respectively.

To do that would also mean changing "javascript:splashpage.closeit()" in the script's configuration #4 item to the href to the 'safe' page on the site.